Flag South Korea / Senegal Flag

2020
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Exports
: $89.2M, Rnk 105 / 218

2020
FlagFlag
Top Product
: $15.6M, Planes, Helicopters, and/or Spacecraft

2020
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Exports
: $40.8M, Rnk 21 / 163

2020
FlagFlag
Top Product
: $24.4M, Non-fillet Frozen Fish

2020
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Economic Complexity (ECI)
: ECI 1.88, Rnk 5 / 127

2020
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Economic Complexity (ECI)
: ECI -0.7, Rnk 91 / 127

2020
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GDP
: $1.64T, CURRENT US$
Rnk 10 / 195

2010-2020
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GDP GROWTH
: 43.2%, CURRENT US$
Rnk 69 / 195

2020
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 GDP
: $24.6B, CURRENT US$
Rnk 104 / 195

2010-2020
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GDP GROWTH
: 52.9%, CURRENT US$
Rnk 51 / 195

2020
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GDP PC 
: $31,631, CURRENT US$
Rnk 32 / 195

2010-2020
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GDP PC GROWTH
: 37%, CURRENT US$
Rnk 45 / 195

2020
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GDP PC
: $1,472, CURRENT US$
Rnk 160 / 195

2010-2020
Flag
GDP PC GROWTH
: 15.7%, CURRENT US$
Rnk 92 / 195

South Korea-Senegal In 2020, South Korea exported $89.2M to Senegal. The main products that South Korea exported to Senegal are Planes, Helicopters, and/or Spacecraft ($15.6M), Plastic Lids ($7.29M), and Cars ($5.78M). During the last 25 years the exports of South Korea to Senegal have increased at an annualized rate of 7.48%, from $14.7M in 1995 to $89.2M in 2020.

In 2020, South Korea did not export any services to Senegal.

Senegal-South Korea In 2020, Senegal exported $40.8M to South Korea. The main products that Senegal exported to South Korea were Non-fillet Frozen Fish ($24.4M), Processed Crustaceans ($3.44M), and Molluscs ($3.14M). During the last 25 years the exports of Senegal to South Korea have increased at an annualized rate of 23%, from $230k in 1995 to $40.8M in 2020.

In 2020, Senegal did not export any services to South Korea.

Comparison In 2020,  South Korea ranked 5 in the Economic Complexity Index (ECI 1.88), and 5 in total exports ($531B). That same year, Senegal ranked 91 in the Economic Complexity Index (ECI -0.7), and 121 in total exports ($4.05B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, South Korea exported $89.2M to Senegal. The main products exported from South Korea to Senegal were Planes, Helicopters, and/or Spacecraft ($15.6M), Plastic Lids ($7.29M), and Cars ($5.78M). During the last 25 years the exports of South Korea to Senegal have increased at an annualized rate of 7.48%, from $14.7M in 1995 to $89.2M in 2020.

In 2020, Senegal exported $40.8M to South Korea. The main products exported from Senegal to South Korea were Non-fillet Frozen Fish ($24.4M), Processed Crustaceans ($3.44M), and Molluscs ($3.14M). During the last 25 years the exports of Senegal to South Korea have increased at an annualized rate of 23%, from $230k in 1995 to $40.8M in 2020.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $131B

Senegal
Top Destination
: Mali, $825M

This map shows whether countries import more from South Korea or Senegal. Each country is colored based on the difference in imports they receive from South Korea and Senegal or the difference in the growth in imports.

In 2019, countries that imported more from South Korea than Senegal were China ($131B), United States ($75B), and Vietnam ($48B).

In 2019, countries that imported more from Senegal than South Korea were Mali ($825M), Guinea ($148M), and Gambia ($125M).

Comparative Advantage South Korea - Senegal

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Flow

This chart compares trade between South Korea and Senegal by product, considering products traded by both, South Korea and Senegal.

During 2020, South Korea had a large net trade with Senegal in the exports of Transportation ($26.3M), Plastics and Rubbers ($16.5M), and Chemical Products ($11.8M).

During 2020, Senegal had a large net trade with South Korea in the exports of Animal Products ($28.4M), Foodstuffs ($3.44M), and Mineral Products ($3.08M).

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Senegal. Similarly, the more yellow a dot/product is, the more Senegal has comparative advantage over South Korea.